The antimonopoly service became the first Russian state agency to open an account saying if there is big enough demand, they will create a larger blog in social networks.

“We wanted information to be more widely available, so we have decided to experiement,” said an FAS representative.

FFMS head Vladimir Milodinov, said that twitter is not only for people but state entities as well.

“I remember I was amazed when I saw the news page of the SEC. Then I realized that it is time for us make a page for the FFMS. There is a completely new class of people who sit for days on the internet in different trading forums and regurgitate news of the regulator with each other. Why rely on rumors when you can turn right to the source?”

President Medvedev will also launch a twitter account, with presidential aide Arkady Dvorkovich saying that Medvedev will use it to display information transparency.

“Openness in any reasonable and effective manner is welcomed,” said Dvorkovich.